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Exhibit 23-2 -Refer to Exhibit 23-2.What Quantity Does the Profit-Maximizing or Loss-Minimizing
Multiple Choice
Exhibit 23-2
-Refer to Exhibit 23-2.What quantity does the profit-maximizing or loss-minimizing firm produce?
A) Q1, where "what is coming in" on the last unit is greater than "what is going out."
B) Q2, where the difference between "what is coming in" on the last unit and "what is going out" is zero.
C) Q3, where marginal cost is greater than marginal revenue.
D) Q4, which maximizes the excess of marginal cost over marginal revenue.
Correct Answer:
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